Learn about the global ship and boat building and repairing market through The Business Research Company, which provides information on ship and boat building and repairing market size, ship and boat building and repairing market drivers and restraints, ship and boat building and repairing market players, the COVID-19 impact on the ship and boat building and repairing market, and more.

The global ship and boat building and repairing market is expected to grow from $219.3 billion in 2020 to $234.1 billion in 2021 at a compound annual growth rate (CAGR) of 6.%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The ship and boat building and repairing market is expected to reach $282.5 billion in 2025 at a CAGR of 5%.

The ship and boat building and repairing market is aided by stable economic growth forecasted in many developed and developing countries.

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The ship and boat building and repairing market consists of sales of ships and boats and ship and boat building and repairing services and related services by entities (organizations, sole traders and partnerships) that operate shipyards. Shipyards are fixed facilities with drydocks and fabrication equipment capable of building a ship, defined as watercraft typically suitable or intended for other than personal or recreational use. The activities of shipyards include the construction of ships, their repair, conversion and alteration, the production of prefabricated ship and barge sections, and specialized services, such as ship scaling.

Global Ship And Boat Building And Repairing Market Segments Include:

By Type: Ship Building And Repairing, Boat Building And Repairing

Subsegments Covered: Ship Building, Ship Repairing, Boat Building, Boat Repairing

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global ship and boat building and repairing market, accounting for 49% of the market in 2020.

Shipbuilding companies around the world are increasingly using green shipbuilding technologies to comply with environmental rules and regulations. Technologies being used for shipbuilding include ships with no ballast systems that block organisms entering the ship and eliminate the need for sterilization equipment, sulphur scrubber systems, waste heat recovery systems, speed nozzles, exhaust gas recirculation systems, advanced rudder and propeller systems, fuel and solar cell propulsion systems and use of LNG fuels for propulsion and auxiliary engines. Ships built using these technologies have significant energy savings and low carbon emissions.

TBRC’s ship and boat building and repairing market report covers:

Major Market Players: Daewoo Shipbuilding & Marine Engineering Co Ltd, Hyundai Heavy Industries, Mitsubishi Heavy Industries, Samsung Heavy Industries, General Dynamics.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Ship And Boat Building And Repairing Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides ship and boat building and repairing market overviews, analyses and forecasts market size, share, ship and boat building and repairing market players, ship and boat building and repairing market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s ship and boat building and repairing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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